16000 Is Just A Metres Away Long

Nifty 50 IndexNSE

Description

⋅ Jun 17, 2021 6:03 AM

As shown in the pic,
NIFTY clearly took support at the bottom trendline

Next Swing may be towards the upper trendline which coincides with the psychological resistance of 16000.

One may sell 16000 - 15500 Put with hedge